Property profile

2333 Lk Ave Altadena, CA 91001

OFF-MARKET
Banks
Property ID
US09-8008795
26,290 SF 1.15 ac lot Built 1959
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 26,249 square foot retail property, situated on a 1.15-acre lot at 2333 Lake Avenue in Altadena, California, presents a compelling investment opportunity. The building, renovated and structurally retrofitted in 1991, boasts excellent visibility from Lake Avenue and benefits from high daily traffic counts of 13,793 vehicles. Its strategic location provides easy access to the 210, 134, and Glendale freeways, ensuring convenient access for customers and employees. The property is currently fully leased, generating substantial income. The diverse range of suites caters to a variety of tenants, and ample surface parking is available for customer convenience. This prime Altadena location is surrounded by numerous national retailers, including major anchors such as Chase Bank, 10th Planet Fitness, and Planned Parenthood, further enhancing its desirability and attracting a significant customer base. Strong area household and population demographics contribute to the property's consistent performance and long-term potential. This is a rare opportunity to acquire a fully leased, high-performing retail center in a thriving Altadena location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1959
Construction TILT-UP CONCRETE
Total area 26,290 SF
Lot 1.15 ac (50,113 SF)
Zoning code LCC3VV
APN 5845-019-017
UPID US09-8008795

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Loan Service Bank
  • Training Center
  • Bank Loan Service
  • Tutoring Service

Location

2333 Lk Ave Altadena, CA 91001-2463
Altadena metro Census 461100 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
$7.7M
2017
Price N/A
2017
Price N/A
2012
Price N/A
2005
Price N/A
2001
Price N/A

Zoning & alternative use

LCC3VV · Altadena, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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